BTC Slides 3.19% Amid Geopolitical Tensions, But ETF Inflows and Retail Surge Stabilize Price
Bitcoin (BTCUSDT) experienced a 3.19% price decline over the past 24 hours, with the current price at 99,205.70 USDT on Binance, down from a 24h open of 102,473.99 USDT. This drop is primarily attributed to heightened geopolitical tensions following US airstrikes on Iran, which triggered increased volatility and panic selling, briefly pushing the price as low as $100,962 before a partial rebound. Despite the initial sell-off, significant buying activity and increased retail participation, as evidenced by a surge in new wallet addresses and a $150 million increase in Bitcoin ETF inflows, helped stabilize the market above key support levels. Bitcoin remains highly liquid and actively traded, with a 24-hour trading volume exceeding $42 billion and a circulating supply near 19.88 million BTC. Market sentiment is currently neutral with a slight tilt towards fear, reflecting ongoing investor caution amid global uncertainty.